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CPE Self-Study
Bankruptcy - Part 1 and Part 2
NASBA FIELD OF STUDY
Accounting
LEVEL
Intermediate
CPE CREDITS
Online: 5.0
Through narration by an industry subject matter expert and practical scenario exercises, this CPE course describes the types of bankruptcies and key reorganization concepts. Each module contextualizes bankruptcy, with financial projection, valuation, and insolvency factors.

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Find out more information on the Forensic and Valuation Services Member Section.

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Product details

Who Will Benefit?

  • Accountants in industry and public practice involved in forensic accounting activities

Key Topics

  • Overview of bankruptcy
  • Types of bankruptcies
  • Roles and responsibilities
  • Deadlines
  • Forms
  • Reorganizations
  • Disclosure statement
  • Claims
  • Financial projections
  • Avoidance or recovery actions
  • Solvency
  • Valuation

Learning Outcomes

Part 1

  • Differentiate between the different types of bankruptcies.
  • Determine the different roles of a forensic accountant in bankruptcy engagements.
  • Determine how the role of a forensic accountant may differ depending on the client.
  • Determine the applicability of specific laws and deadlines set by the bankruptcy court and the IRS, including recent developments related thereto.
  • Identify and use the various financial forms that may need to be completed in a bankruptcy engagement.

Part 2

  • Apply key concepts related to financial projection and valuation issues encountered in bankruptcy cases.
  • Identify and address insolvency indicators and risks.
  • Recall and compare key reorganization concepts and their impact on an engagement.

This CPE course can be purchased individually or as part of the Specialized Forensic Accounting Certificate.

Bankruptcy can manifest in diverse ways, and forensic accountants can play distinct roles in bankruptcy engagements. The role can vary depending on the client. Forensic accountants need to know how to apply the specific laws and deadlines set by the bankruptcy court and IRS. Through narration by an industry subject matter expert and practical scenario exercises, this CPE course describes the types of bankruptcies and key reorganization concepts. Each module contextualizes bankruptcy, with financial projection, valuation, and insolvency factors.

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.

Ratings and reviews
Author(s)

Kenneth J. DeGraw, CPA, CFP, CFE, Partner

Ken DeGraw is a tax partner based out of Withum's Whippany, NJ office. With more than 30 years of experience, Ken's expertise in public accounting includes working with business entities and their related ownership to achieve financial reporting and tax compliance objectives. As a Niche leader within the firm's Alternative Investment Company niche, he provides tax compliance services to an array of entities including Hedge, Venture and Private Equity Funds as well as Broker Dealers and SPAC's. Ken is also a leader in the Firm's Forensic and Valuation Services Niche and provides services in the areas of insolvency, bankruptcy, forensic accounting amongst others. Ken is a graduate of Lycoming College, Williamsport, PA, with a bachelor's degree in accounting. He is an active member of many organizations such as the New Jersey Society of Certified Public Accountants (NJSCPA), the New York Society of Certified Public Accountants and their Investment companies and Insolvency committees. He is also a member of the American Institute of Certified Public Accountants (AICPA), the American Bankruptcy Institute, the Association of Insolvency and Reorganization Advisors, the Turnaround Management Association and the Somerset County Estate Planning Council. Today, he serves on the AICPA Forensic and Valuation Services committee and is the Chair of the Bankruptcy task force. He is a past Chair of the Somerset County Bar Foundation. Ken is a certified public accountant in New Jersey, New York and Georgia and a CERTIFIED FINANCIAL PLANNER™ professional and a Certified Fraud Examiner. In addition to his credentials above he also holds a CFF-Certified in Financial Forensics and PFS-Personal Financial Specialist designations from the AICPA.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$155.00
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Nonmember Quantity:
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Estimated total:
$155.00
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CREDIT INFO
CPE credits
Online
: 5.0
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Foundational knowledge of forensic accounting
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
FAIE-SBEA
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